Puravankara Projects Ltd will raise Rs. 150 crore by selling non-convertible bonds to build a housing project in Bangalore and repay debt. Puravankara expects to pay 17% interest rate to investors, it said.
With Brickwork Ratings: Allahabad Bank has entered into a tieup arrangement with Brickwork Ratings (BWR) on July 25 at the bank's head office in Kolkata. The MoU is for promotion of creditratings of the bank's MSE borrowers and potential customers.
Imagine that your maid borrowed Rs 30,000 from you, promising to repay within a year from her monthly wage of Rs 4,000. Do you think you could cut Rs 2,500 from her monthly wages, every month? First of all...
The US President, Mr Barack Obama, is visiting a strong India this time round, unlike in the past. India has been growing at 9 per cent and emerged out of recession unscathed. Compared to their western counterparts...
A government the size of Karnataka should yield Rs 3,000 crore a year, through kickbacks. The cost of purchasing legislators being about the same, the payback is swift and fabulous. No wonder, politicians are lethal businessmen.
In a country which shows about 9 per cent growth, we see over 14,700 candidates not getting jobs. What is the ground reality?...
The recent credit market turmoil has raised questions on the role of rating agencies in precipitating the crisis. In this background, Vivek Kulkarni, MD of Brickwork Rating Agency...
WHEN is an AAA rating not the best? When it is issued by Brickwork ratings - one of the youngest agencies to be licensed by capital markets regulator SEBI.
MUMBAI: Brickwork Ratings has been licensed as a credit rating agency since February 2008, with market regulator Sebi making it the fifth agency in the ratings business.
The country is to have its fifth credit rating agency, with the Securities and Exchange Board of India (Sebi) licensing Brickwork Ratings.